In addition, in February of 2008, HUD revised its form that appraisers use to apply to the FHA Roster by removing the ten essay questions which constituted its "national exam." However, the FHA Roster application still requires the applicant to certify to the following:

I will comply with HUD Handbook 4150.2, "Valuation Analysis for Home Mortgage Insurance for Single Family One- to Four-Unit Dwellings" (with particular emphasis on Appendix D, "Valuation Protocol"), any updates to the Handbook, Mortgagee Letters, and all other instructions and standards, in performing all appraisals on properties that will be security for HUD/FHA insured mortgages.

With all of these changes, the Appraisal Institute's online seminarFHA and the Appraisal Process is designed to get appraisers up-to-speed on FHA policies and procedures, but it is much more than that!

If you're brand new to FHA appraising and need to know where to start, or you're a seasoned FHA pro looking for an up-to-date refresher, this is the course for you. Here's a quick rundown on what this course offers:

• FHA's policies on appraising are scattered all over the place. We've pulled together all the essential handbooks, mortgagee letters and web links for you. We give you the basics, but what if you want to go deeper? We show you where to find that information too.
• We take you step-by-step through FHA's eligibility requirements and then show you how to stay out of trouble by examining the key components of the Appraiser Violations Matrix.
• HUD now requires appraisers to use the latest Fannie Mae forms for single-family, manufactured housing, individual condominium units, and small residential income properties. We show you the specific HUD document that spells out FHA's protocol for completing the Fannie Mae forms.
• The old Valuations Conditions form (VC Sheet) for itemizing repairs is history. So we show you FHA's requirements on how to address substantive issues on the Fannie Mae form. We also give you guidance of when to call for a repair and when not to!
• Do you know what steps FHA requires an appraiser to take when the appraised property is vacant and the utilities are off? Do you know what is expected of an FHA appraiser when checking a property's plumbing system? Or what about lead-based paint issues? This course helps you to address these concerns in your appraisal with greater confidence.

FHA and the Appraisal Process will benefit any residential appraiser whether or not that individual ever performs an FHA assignment. Many of the concepts presented are applicable to all residential appraising. And let's face it, most appraisers can benefit from enhancing their skill sets when it comes to property observation techniques. So are you ready for FHA appraising? Here's a closer look at the module topics and learning objectives.

Cancellation PolicyIf you are unable to complete an online program once it begins, you may cancel out of the program within 30 days after the official end date. Absolutely no cancellations will be processed after 30 days of the official end date. Once you cancel out of a program, you must start the program over at the beginning in any later enrollments. You cannot be placed into the program where you left off before canceling.

The following refund policy is in effect for canceled online programs based on the amount of material completed in a program:

 Less than 25% of the program completed: $60 cancellation fee

 More than 25% of the program completed: no refund

I agree to the terms and policies set forth under the Appraisal Institute Online Education Policy. I also certify that I am the person identified above under Personal Data and that I will personally complete each assigned module of instruction and any examination(s). I understand and agree that if I misrepresent my identity or arrange for someone else to represent himself or herself as me at any time during the Appraisal Institute online course or seminar, I will be immediately removed from the course or seminar and I will not be entitled to any refund. I further understand that if I am a member of the Appraisal Institute and participated in any misrepresentation of identity, by affirmative act or failure to act, that I will be the subject of a peer review proceeding under Regulation No. 6 for violation of the Appraisal Institute's Code of Professional Ethics and Standard of Professional Appraisal Practice, and that such peer review proceeding may result in termination of my Appraisal Institute membership.

Additional Information

ONLINE CLASS ACCESS
Please allow 1 hour after registration to start an online session in progress (on or after the session start date). Go to www.appraisalinstitute.org and log in with the username and password you used when you registered. You will automatically be taken to the "My Appraisal Institute" page. Near the middle of that page your course will be listed with a link next to it that says "Go To Class".